Dallas, Texas 11/06/2013 (Financialstrend) – In Tuesday’s trading, Radian Group Inc (NYSE:RDN) rose by 1.09%. The opening price of the shares was $14.77, which climbed to an intraday high of $15.01 and dipped to a close of $14.90. Around 7.13M shares were traded on Tuesday while an average volume of 3.67M shares were traded over a 30 day period. The 52-week low of Radian Group Inc (NYSE:RDN) shares is $3.74 and its 52-week high is $15.15. Radian Group Inc (NYSE:RDN) has a market capitalization of $2.58 billion.
About the company
Radian Group Inc (NYSE:RDN) was founded on 12 June 1991. It is essentially a credit-enhancement company that focuses primarily on domestic residential-mortgage insurance on a first-lien loans basis. Radian Group Inc (NYSE:RDN) has 2 operating business segments: 1- mortgage insurance and 2- financial guaranty.
Radian Group Inc (NYSE:RDN)’s mortgage-insurance segment provides customers with credit-related insurance coverage, primarily via private mortgage insurance & risk-management services to various mortgage-lending institutions. The company’s financial-guaranty segment earlier offered direct insurance & reinsurance on credit-based risks & also offered credit-protection on different asset classes via financial guarantees & credit default swaps.
Radian Guaranty Inc
Radian Group Inc (NYSE:RDN) conducts its business mainly via Radian Guaranty Inc, its principal mortgage-insurance subsidiary. In addition to this, its primary financial guaranty subsidiary, Radian Asset Assurance Inc is a 1005-owned subsidiary of Radian Guaranty. This allows its financial-guaranty business to serve as the important source of capital-support for the company’s mortgage insurance business.
Radian Group Inc (NYSE:RDN)’s insurance segment provides insurance-coverage, primarily via private mortgage insurance, and risk-management services to mortgage-lending institutions. Private mortgage-insurance protects various mortgage lenders from all or a segment of default-related losses on the residential mortgage loans made to home-buyers who generally make down-payments. These down payments are generally less than 20 percent of the home’s purchase-price